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In late April, the Acme Construction Co. submitted a $1,200,000 progress billing on a construction contract. On May 2, the bill was approved for payment, subject to a ten percent retention, as provided by the contract. The amount that should be debited to Construction Expenditures is:
Fundamental Attribution Error
The tendency to overemphasize personal characteristics and ignore situational factors when judging others' behaviors.
Self-Fulfilling Prophecy
A belief or expectation that influences behavior in a way that causes the belief to become true.
Projection
A defense mechanism by which individuals attribute their own undesirable feelings or thoughts to others.
Internal Attributions
Refers to the inference that a person is behaving in a certain way because of something about the person, such as attitude, character, or personality.
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